All interest rates set by central banks are an intervention into the economy. A central bank has the purpose of intervention.
>setting the base price of labour by guaranteeing people a job?
Minium wages are setting a floor to the cost of labour. "Guaranteeing jobs" is totally meaningless inside a somewhat capitalist system. People work if and only if there is an employer paying them a wage the person deems adequate for the job.
If a person wants a compensation nobody is willing to offer they won't get a job.
The only thing the government can do is either create fake jobs for the person to do give them welfare, which are the same thingv but the later is far simpler and cheaper.
>setting the base price of labour by guaranteeing people a job?
Minium wages are setting a floor to the cost of labour. "Guaranteeing jobs" is totally meaningless inside a somewhat capitalist system. People work if and only if there is an employer paying them a wage the person deems adequate for the job. If a person wants a compensation nobody is willing to offer they won't get a job. The only thing the government can do is either create fake jobs for the person to do give them welfare, which are the same thingv but the later is far simpler and cheaper.